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C$ firms on stronger-than-expected economic growth TORONTO: The Canadian dollar firmed against the greenback on Friday after data showed the domestic economy grew at a faster-than-expected pace in the final months of last year.Canada's economy expanded at a 2.9 percent annualized rate in the fourth quarter, surpassing the 2.5 percent economists had forecast. Growth for the first two quarters of 2013 was also revised higher."All told, a pretty decent quarter, which is a bit ahead of what the Bank of Canada had forecast," said David Tulk, chief Canada macro strategist at TD Securities in Toronto.After some choppy reaction immediately after the report, the Canadian dollar strengthened. Investors also took in data south of the border that showed US growth in the fourth quarter was revised lower.The Canadian dollar ended the North American session at C$1.1074 to the greenback, or 90.30 US cents, stronger than Thursday's close of C$1.1136, or 89.80 US cents.The loonie also got some ...

C$ firms on stronger-than-expected economic growth data TORONTO: The Canadian dollar firmed against the greenback on Friday after data showed the domestic economy grew at a faster pace than had been expected in the final months of last year.Canada's economy expanded at a 2.9 percent annualized rate in the fourth quarter, surpassing the 2.5 percent economists has forecast. Growth for the first two quarters of 2013 was also revised higher."All told, a pretty decent quarter, which is a bit ahead of what ...
Dollar slips after Yellen testimony NEW YORK: The US dollar slipped against the euro Thursday after Janet Yellen suggested the Federal Reserve could shift its tapering policy if recent weaker data represented a fundamental change in growth.But the turmoil in Ukraine, with worries of a regional conflict involving Russia focused on Crimea, kept up demand for safe-haven currencies generally.After trading lower ahead of Yellen's Senate testimony, at 2200 GMT the euro was up to $1.3710 from $1.3683 late Wednesday.The dollar ...
Dollar falls after weak US consumer confidence data NEW YORK: The dollar fell against a basket of major currencies on Tuesday after soft US consumer confidence data drove bond yields lower, weakening demand for the US currency. The Conference Board's index of consumer attitudes fell to 78.1 in February from a downwardly revised 79.4 in January, where economists in a Reuters poll had expected 80.0. The yield on the benchmark 10-year US Treasury note fell to a session low of 2.7 percent after ...
Dollar edges lower on calming of Ukraine fears NEW YORK: The dollar edged lower against a basket of major currencies on Monday as investors' risk appetite improved amid expectations that Ukraine would receive international aid, calming fears surrounding the heavily-indebted country. The dollar index was down slightly at 80.218 after posting its first weekly gain in three weeks. Expectations that Ukraine would receive aid from Western donors helped stoke investors' risk appetite. The greenback also fell sharply against the so-called commodity currencies the ...
C$ lower, but rise in inflation rate stems decline TORONTO: The Canadian dollar weakened against the greenback on Friday, extending a three-day sell-off that has all but wiped out February's gains even as a stronger-than-expected increase in inflation helped the currency pare the worst of the day's declines.The closely watched report showed the annual Canadian inflation rate unexpectedly jumped to 1.5 percent last month. Analysts said the report reduced the likelihood of an interest rate cut by the Bank of Canada, which has flagged ...
Dollar firms against euro after Fed minutes NEW YORK: The dollar edged up against the euro Wednesday after the minutes of the Federal Reserve's January meeting revealed some policy makers were pushing to raise interest rates.The euro ticked lower, buying $1.3734 around 2300 GMT, down from $1.3756 late Tuesday.Both the dollar and the euro dipped against the Japanese currency. The dollar fetched 102.31 yen, down from 102.34 yen. The common European currency fell to 140.51 yen from 140.82.The minutes of the Federal ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln